Displaying 1 - 20 of 47

Tag: ACH Operations

Article December 29, 2020
The IRS and the U.S. Treasury have confirmed that 113 million EIPs by ACH are being processed this week, with an effective date of Monday, Jan. 4, 2021. Under the Nacha Rules, RDFIs must make funds available by 9:00 a.m. (RDFI local time) on Jan. 4.
Product November 19, 2020

Recorded Nov. 19, 2020
Recording access valid until May 31, 2021
Recording access purchases are final

Time to get excited! New Nacha Operating Rules amendments are coming in 2021!

Article October 19, 2020

Approximately six months ago, Nacha issued several ACH Operations Bulletins and Frequently Asked Questions announcing relief from a variety of requirements of the Nacha Operating Rules due to the impact of the coronavirus pandemic.

Article September 18, 2020
When COVID-19 forced much of the world into lockdown it was unchartered territory for many, including Nacha Elevation Consulting. As it turns out, we’ve been busy in recent months, and noticed a common thread among our clients: they want anything tied to payments to be moved to all digital.
Basic page September 15, 2020
As the coronavirus pandemic raged across the country, the U.S. government turned to Direct Deposit to deliver millions of stimulus payments to Americans. On April 15, exactly as the IRS instructed, 81 million Americans woke up to find their stimulus payments safely in their bank accounts thanks to Direct Deposit. Ultimately, the IRS would authorize 120 million payments via Direct Deposit.
Landing Page September 9, 2020
Direct Deposit and Direct Payment can help businesses save time and cut costs. And, for nonprofits and religious organizations, Direct Payment helps manage and increase automatic donations.
Article June 9, 2020
This is the final article in a series in which the Nacha Risk Management Advisory Group provides sound business practices on various risk management topics based on its experience and expertise.
Article May 26, 2020
This is the second in a series of articles in which the Nacha Risk Management Advisory Group provides sound business practices on various risk management topics based on its experience and expertise.
Article May 19, 2020
This is the first in a series of articles in which the Nacha Risk Management Advisory Group provides sound business practices on various risk management topics based on its experience and expertise.
Article April 2, 2020

Businesses that originate pre-authorized ACH debits for services that have been interrupted may face an elevated risk of returns.

Article March 26, 2020
The upcoming effective dates of the Rule on Supplementing Data Security Requirements are extended by one year, to June 30, 2021 and June 30, 2022, respectively. The effective dates of other approved and upcoming Rules remain in effect.
Article March 20, 2020
In light of the current need for organizations to reduce on-site staffing levels, Nacha is providing temporary relief from deadlines for delivery of certain records that are required under the Nacha Rules. 
Article March 10, 2020
Concerns over Coronavirus has led Nacha to issue an Operations Bulletin.